Update of NCLT hearing dated 04.06.2025
Awaiting price reaction for this filing.
The filing is from RCI Industries & Technologies Limited (Security Code: 537254) under ongoing Corporate Insolvency Resolution Process (CIRP), with a Resolution Professional already appointed. It updates that the Resolution Plan and other interlocutory applications filed before NCLT New Delhi Bench-III were heard on 4th June 2025. The matter was originally listed on 30th May 2025 and was subsequently re-listed on 4th June 2025. The next date of hearing is scheduled for 3rd July 2025. No approval or rejection of the Resolution Plan has been announced in this update.
The Resolution Plan is still under consideration by NCLT and has not yet been approved, meaning the company's insolvency resolution remains pending. Shareholders should expect continued uncertainty until the next hearing on 3rd July 2025, when a decision or further direction may be given.